Prince Andrew: Current Status, Finances, and Family News (2025)

Few members of the British royal family have seen their public life change as dramatically as Prince Andrew’s. From a working royal to a private citizen stripped of titles, his story is now one of legal settlements, a lost allowance, and difficult questions about how he pays the bills.

Current age: 65 (as of 2025) ·
Number of children: 2 ·
Year of lawsuit settlement: 2022 ·
Year of stepping back from royal duties: 2019 ·
Net worth estimate: £5 million (approx.)

The table below captures Andrew’s biographical and legal essentials.

What’s happening to Prince Andrew now?

Current legal status

On 30 October 2025, Buckingham Palace released a statement saying it had initiated a formal process to remove Prince Andrew’s style, titles, and honours, and that he would be known as Andrew Mountbatten Windsor (Buckingham Palace official statement). The BBC later confirmed that he had been officially deprived of his prince designation (BBC News). Just weeks earlier, on 17 October, Andrew had issued his own statement saying he would cease using his title and honours voluntarily (Buckingham Palace statement).

Public appearances

Andrew has made no public engagements since stepping back from royal duties in 2019. CNN reports that his name was expunged from the official peerage list within hours of the palace announcement (CNN).

Settlement with Virginia Giuffre

The settlement reached in 2022 with Virginia Giuffre ended the civil lawsuit against Andrew, but the exact financial terms have never been publicly disclosed. No criminal charges have been filed.

The implication: Andrew’s legal exposure has narrowed to parliamentary scrutiny of his finances, not criminal court.

Did the Queen leave Andrew any money?

Queen’s will

The contents of Queen Elizabeth II’s will remain sealed under a tradition that protects the privacy of royal wills. Reports suggest she made private financial provisions for Andrew, but no figures have been officially confirmed.

Financial arrangements

What is clear: Andrew’s £1 million annual royal allowance has been withdrawn, according to ITV News (ITV News). The Guardian reports that his sole source of income is now a naval pension estimated at £20,000 a year (The Guardian). CNN describes his financial position as “opaque” (CNN).

Trust funds

Andrew is believed to have access to trust funds established by the Queen Mother, though the details are private. The BBC reported in December 2024 that annual security costs alone run into several million pounds, and the King no longer supports Andrew financially (BBC News).

The trade-off: Without the allowance, Andrew cannot cover basic security costs from his pension alone, making the King’s private housing provisions critical.

Why is Fergie not going to live with Andrew?

Current living arrangements

Sarah Ferguson, also known as Fergie, has lived at Royal Lodge with Andrew for years, but they maintain separate living quarters. Palace statements have never described them as cohabiting as a romantic couple. When Andrew vacates Royal Lodge, it is unclear whether Ferguson will move with him or stay elsewhere.

Royal Lodge

The palace’s October 2025 statement said Andrew had received formal notice to surrender the lease on Royal Lodge and would move to alternative private accommodation provided by the King (BBC News).

Relationship status

The exact reason Ferguson is not moving with Andrew has not been officially explained. Speculation in the UK press centres on her desire to maintain her own public profile and her ongoing health challenges.

The pattern: Their living situation has always been unusual—close friendship without legal marriage—and the Royal Lodge exit forces a clearer separation.

What is the sad news about Sarah Ferguson?

Breast cancer diagnosis

In 2023, Sarah Ferguson was diagnosed with breast cancer following a routine mammogram. She underwent a single mastectomy and reconstructive surgery at King Edward VII’s Hospital in London. The news was publicly confirmed by her spokesperson.

Skin cancer

In early 2024, during reconstructive surgery follow-ups, doctors discovered a malignant melanoma on Ferguson’s skin. She was treated and has since said she is cancer-free. Both diagnoses were widely reported by UK media outlets including the BBC.

Health updates

Ferguson has returned to public life, attending events and promoting her book. She has stated she feels “grateful” for early detection and encouraged others to get screened.

Why this matters: Ferguson’s health adds emotional weight to the family’s broader upheaval, but she remains a resilient figure in the royal circle.

How is Prince Andrew so rich?

Royal inheritance

Andrew reportedly inherited money from the Queen Mother’s trust fund, estimated at several million pounds. However, the exact sums are not public. The Guardian notes that questions about his wealth have intensified since the allowance was stopped (The Guardian).

Naval pension

His only declared income is a Royal Navy pension of roughly £20,000 per year, confirmed by multiple sources including ITV News and CNN (ITV News, CNN).

Business ventures

Andrew has no known active business interests. A start-up competition he founded, Pitch@Palace, was linked to a company owned by Doug Barrowman, according to documents reported by the BBC in April 2025 (BBC News topic page).

The implication: If Andrew is living beyond his pension, the funding source is either private family support or undisclosed assets—and that is exactly what MPs want to investigate.

Timeline

Clarity section

Key voices

“A formal process has been initiated to remove Prince Andrew’s style, titles, and honours, and he will be known as Andrew Mountbatten Windsor.”

Buckingham Palace (official statement, October 2025)

“His only declared income is his naval pension, reported at around £20,000 annually. The question of how he pays for everything remains unanswered.”

CNN (reporting on Andrew’s finances, October 2025)

“The King has made appropriate private provisions for his brother’s accommodation.”

BBC News (citing palace sources)

For Prince Andrew, the choice is narrowing: either accept a reduced private life funded by the King’s goodwill, or face public interrogation over money that may not exist. For the royal family, the message is clear: no rank is immune from accountability.

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For a deeper look at how his finances have evolved, Prince Andrews financial situation offers a detailed breakdown of his net worth and business dealings.

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